Civic Intelligence

Innovative Concepts Inc.

990 • Fiscal year 2016 • EIN 06-1816677

Jan 01, 2016 to Dec 31, 2016 • Filed on May 01, 2017

Organization ProfileN/A
8639B 16th StreetSilver Spring, MD 20910-2273

(301) 440-7908

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.51x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.03x

Higher debt load relative to revenue than 45% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

51st percentile

3.1%

Higher net margin than 51% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

64th percentile

$47,520

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 8.9% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

95th percentile

126%

Faster asset growth than 95% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

2.3%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$26,444

Up $14,726 (+126%) from 2015

Net Assets

Up

$12,937

Up $16,370 (+477%) from 2015

Liabilities

Down

$13,507

Down $1,644 (-11%) from 2015

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin51st percentile

Revenue

Up

$535,184

Up $12,058 (+2.3%) from 2015

Expenses

Down

$518,813

Down $10,832 (-2.0%) from 2015

Net Income

Up

$16,371

Up $22,890 (+351%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$100K$0-$100KAssets 2010: -$8,622Liabilities 2010: $5,492Net Assets 2010: -$14,1142010Assets 2011: $54,819Liabilities 2011: $12,665Net Assets 2011: $42,1542011Assets 2012: $56,470Liabilities 2012: $10,895Net Assets 2012: $45,5752012Assets 2013: $53,352Liabilities 2013: $43,613Net Assets 2013: $9,7392013Assets 2014: $3,442Liabilities 2014: $10,366Net Assets 2014: -$6,9242014Assets 2015: $11,718Liabilities 2015: $15,151Net Assets 2015: -$3,4332015Assets 2016: $26,444Liabilities 2016: $13,507Net Assets 2016: $12,9372016Assets 2017: $27,473Liabilities 2017: $8,456Net Assets 2017: $19,0172017Assets 2018: $14,254Liabilities 2018: $14,129Net Assets 2018: $1252018Assets 2019: $2,484Liabilities 2019: $14,129Net Assets 2019: -$11,6452019Assets 2020: $134,390Liabilities 2020: $170,069Net Assets 2020: -$35,6792020Assets 2021: $35,126Liabilities 2021: $82,969Net Assets 2021: -$47,8432021Assets 2022: $51,946Liabilities 2022: $2,578Net Assets 2022: $49,3682022Assets 2023: $45,178Liabilities 2023: $15Net Assets 2023: $45,1632023Assets 2024: $127,869Liabilities 2024: $0Net Assets 2024: $127,8692024

Highlighted filing

2016

Assets$26,444
Liabilities$13,507
Net Assets$12,937
Open 2016 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $716,2502010Expenses 2011: $392,0532011Revenue 2012: $553,304Expenses 2012: $549,883Net Income 2012: $3,4212012Revenue 2013: $400,033Expenses 2013: $435,840Net Income 2013: -$35,8072013Revenue 2014: $404,498Expenses 2014: $421,161Net Income 2014: -$16,6632014Revenue 2015: $523,126Expenses 2015: $529,645Net Income 2015: -$6,5192015Revenue 2016: $535,184Expenses 2016: $518,813Net Income 2016: $16,3712016Revenue 2017: $566,667Expenses 2017: $560,587Net Income 2017: $6,0802017Revenue 2018: $664,868Expenses 2018: $683,759Net Income 2018: -$18,8912018Revenue 2019: $678,884Expenses 2019: $690,654Net Income 2019: -$11,7702019Revenue 2020: $724,213Expenses 2020: $748,247Net Income 2020: -$24,0342020Revenue 2021: $707,267Expenses 2021: $719,431Net Income 2021: -$12,1642021Revenue 2022: $753,983Expenses 2022: $654,654Net Income 2022: $99,3292022Revenue 2023: $654,339Expenses 2023: $658,544Net Income 2023: -$4,2052023Revenue 2024: $883,953Expenses 2024: $801,247Net Income 2024: $82,7062024

Highlighted filing

2016

Revenue$535,184
Expenses$518,813
Net Income$16,371
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 1, 2017
Return Version
2016v3.0
Gross Receipts
$535,184
Mission and Program Overview

Mission

Innovative Concepts, Inc. provides residential services to individuals

Innovative concepts, inc. Provides residential services to individuals with intellectual and developmental dissabilities. Its services consist of basic housing facilities, vocational and mentorship programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$15,151$13,507▼ $1,644
Land, Buildings, and Equipment, Net$10,523$10,185▼ $338
Cash and Non-Interest-Bearing Accounts$1,195$9,017▲ $7,822
Prepaid Expenses and Deferred Charges-$7,242-
Total Assets$11,718$26,444▲ $14,726
Liabilities
Total Liabilities$15,151$13,507▼ $1,644
Net Assets / Fund Balance
Unrestricted Net Assets$-3,433$12,937▲ $16,370
Total Net Assets Fund Balance$-3,433$12,937▲ $16,370
Total Liabilities and Net Assets / Fund Balance$11,718$26,444▲ $14,726

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,750$8,250$15,000
Equipment$3,435$8,580$12,015
Compensation and Service Providers
Top Officer Pay64th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Michael SlaughterPresidentPT$47,520$47,520
Ladonia WicksKey EmployeeFT$45,235$45,235
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$535,184
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$16,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$319,248
Other Expenses$199,565
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$221,990$24,665$0$246,655
All Other Expenses$56,820$11,103$0$67,923
Current Officers, Directors, Trustees, and Key Employees$42,768$4,752$0$47,520
Occupancy$30,448$3,383$0$33,831
Payroll Taxes$22,566$2,507$0$25,073
Other Expenses$8,777$975$0$9,752
Fees for Services Accounting$8,114$901$0$9,015
Information Technology$4,594$510$0$5,104
Insurance$2,643$294$0$2,937
Depreciation Depletion$2,199$244$0$2,443
Office Expenses$1,970$219$0$2,189
Total Functional Expenses$466,963$51,850$0$518,813
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$15,151$13,507▼ $1,644
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Innovative Concepts Inc
EIN
06-1816677
Phone
3014407908
Address
8639B 16th Street, Silver Spring, MD 20910-2273

Signing Officer

Name
Michael Slaughter
Title
President
Phone
3014407908
Signed
2017-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Slaughter
Formed
2007
Legal Domicile
Md
Voting Board Members
3
Independent Board Members
2
Employees
12
Volunteers
2

Preparer

Firm
Goldin Group LLC
Address
4641 MONTGOMERY AVE STE 515, BETHESDA, MD 20814-3435
Preparer
Javier Goldin
Phone
3019130009
Supplemental Narrative

Additional Explanations

Pt V, Line 3B

“Innovative Concepts did not receive any unrelated business income.”

Pt VI, Line 11B

“Board of directors reviews 990 prior to filing.”

Pt VI, Line 15B

“Salaries are reviewed by Board of Directors.”

Pt VI, Line 15A

“Michael Slaughter and Ninole Slaughter are the directors”

Pt VI, Line 8B

“Michael Slaughter and Ninole Slaughter are the directors”

Pt VI, Line 19

“Available upon request.”

Pt V, Line 14B

“no receive indoor tanning service payment”

Pt VI, Line 2

“Michael Slaughter and Ninole Slaughter are brother and sister”

Form 990, Part IX, Line 24E

“Program Apparel Expenses 1883. 1883. 0. 0.”

Form 990, Part IX, Line 24E

“Program Grocery & Food purched 14583. 14583. 0. 0.”

Form 990, Part IX, Line 24E

“Outing Expenses 4295. 4295. 0. 0.”

Form 990, Part IX, Line 24E

“Cleaning Expense 394. 355. 39. 0.”

Form 990, Part IX, Line 24E

“Other Contractors 22018. 19816. 2202. 0.”

Form 990, Part IX, Line 24E

“Telephone Expenses 7136. 6423. 713. 0.”

Form 990, Part IX, Line 24E

“Consulting fee 580. 580. 0. 0.”

Form 990, Part IX, Line 24E

“repair & maintenance 6556. 5900. 656. 0.”

Form 990, Part IX, Line 24E

“Bank service charges 5716. 0. 5716. 0.”

Form 990, Part IX, Line 24E

“Misc 2221. 1864. 357. 0.”

Form 990, Part IX, Line 24E

“business registration 1295. 0. 1295. 0.”

Form 990, Part IX, Line 24E

“Security 1246. 1121. 125. 0.”

Raw XML Appendix366 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Innovative Concepts did not receive any unrelated business income.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board of directors reviews 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Salaries are reviewed by Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Michael Slaughter and Ninole Slaughter are the directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Michael Slaughter and Ninole Slaughter are the directors
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6no receive indoor tanning service payment
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Michael Slaughter and Ninole Slaughter are brother and sister
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Program Apparel Expenses 1883. 1883. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Program Grocery & Food purched 14583. 14583. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Outing Expenses 4295. 4295. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Cleaning Expense 394. 355. 39. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Other Contractors 22018. 19816. 2202. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Telephone Expenses 7136. 6423. 713. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14Consulting fee 580. 580. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15repair & maintenance 6556. 5900. 656. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt16Bank service charges 5716. 0. 5716. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt17Misc 2221. 1864. 357. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt18business registration 1295. 0. 1295. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt19Security 1246. 1121. 125. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt V, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt V, Line 14b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc16Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc17Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc18Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc19Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011718
IRS990/TotalAssetsEOYAmt026444
IRS990/TotalAssetsGrp/BOYAmt011718
IRS990/TotalAssetsGrp/EOYAmt026444
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt051850
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0466963
IRS990/TotalFunctionalExpensesGrp/TotalAmt0518813
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015151
IRS990/TotalLiabilitiesEOYAmt013507
IRS990/TotalLiabilitiesGrp/BOYAmt015151
IRS990/TotalLiabilitiesGrp/EOYAmt013507
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-3433
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012937
IRS990/TotalProgramServiceExpensesAmt0466963
IRS990/TotalProgramServiceRevenueAmt0535184
IRS990/TotalReportableCompFromOrgAmt092755
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0535184
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0535184
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011718
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt026444
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-3433
IRS990/UnrestrictedNetAssetsGrp/EOYAmt012937
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt019330 Rainworth Drive
IRS990/USAddress/CityNm0Germantown
IRS990/USAddress/StateAbbreviationCd0MD
IRS990/USAddress/ZIPCd020874
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SLAUGHTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03014407908
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Innovative Concepts Inc
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0061816677
ReturnHeader/Filer/PhoneNum03014407908
ReturnHeader/Filer/USAddress/AddressLine1Txt08639B 16th Street
ReturnHeader/Filer/USAddress/CityNm0Silver Spring
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MD
ReturnHeader/Filer/USAddress/ZIPCd0209102273
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B79D8342C5E244EFD4DE2FAF4536F5328ADE7FDB
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0B79D8342C5E244EFD4DE2FAF4536F5328ADE7FDB
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt050.242.221.41
ReturnHeader/FilingSecurityInformation/IPDt02017-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm015:39:38
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GOLDIN GROUP LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04641 MONTGOMERY AVE STE 515
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BETHESDA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0208143435
ReturnHeader/PreparerPersonGrp/PhoneNum03019130009
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAVIER GOLDIN
ReturnHeader/ReturnTs02017-11-15T15:39:53-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,444
Liabilities
$13,507
Net assets
$12,937
Revenue
$535,184
Expenses
$518,813
Net income
$16,371
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.28$0.00$1.28$8.84$8.01$0.83
2023Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$6.54$6.59$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.52$0.03$0.49$7.54$6.55$0.99
2021Detailed filing. Detailed filing data is available for this year.$0.35$0.83$0.48$7.07$7.19$0.12
2020Detailed filing. Detailed filing data is available for this year.$1.34$1.70$0.36$7.24$7.48$0.24
2019Detailed filing. Detailed filing data is available for this year.$0.02$0.14$0.12$6.79$6.91$0.12
2018Summary only. Only limited summary data is available for this year.$0.14$0.14$0.00$6.65$6.84$0.19
2017Detailed filing. Detailed filing data is available for this year.$0.27$0.08$0.19$5.67$5.61$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.14$0.13$5.35$5.19$0.16
2015Detailed filing. Detailed filing data is available for this year.$0.12$0.15$0.03$5.23$5.30$0.07
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.10$0.07$4.04$4.21$0.17
2013Summary only. Only limited summary data is available for this year.$0.53$0.44$0.10$4.00$4.36$0.36
2012Summary only. Only limited summary data is available for this year.$0.56$0.11$0.46$5.53$5.50$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.13$0.42$3.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.05$0.14$7.16